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New Deal


Announced

Completed

Loop Capital completed the acquisition of fixed income investment management assets of Smith Graham.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Acquisition

Single Bidder

Asset Managers and Custodians

Majority

Private

Completed

investment management

Domestic

Synopsis

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Loop Capital, a full-service investment bank, brokerage, and advisory firm, completed the acquisition of fixed income investment management assets of Smith Graham, a provider of investment advisory services. Financial terms were not disclosed. “At Loop Capital, we view market volatility as an attractive opportunity to increase the number of solutions we offer our clients and partners. Asset management is a strategic growth engine for Loop, and this transaction increases our scale, while also enhancing the fixed income solutions, particularly in the area of liquidity solutions,” Jim Reynolds, Loop Capital Chairman and CEO.

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